Reprieve for Farmers as KTDA Increases Prices by KSh2 KSh3
Kenya Tea Development Authority (KTDA) has increased monthly green leaf payments for farmers in regions five, six, and seven, by between KSh2 and KSh3, with effect from 1st July 2021. [...]
Kenya Seeks Removal of Duty for Exports to South Korea
Kenya is eying duty-free access to South Korea, targeting coffee, tea, mate and spices, which attract an 8% duty, as the benchmark in growing its share of the Korean market. [...]Family Bank Half-Year Net Earnings Ups 84% to KSh 1.2 Billion
Family Bank Limited has reported an 84% rise in Net Earnings to KSh 1.2 Billion at the end of H1, 2021, compared to KSh 638.5 Million posted over a similar [...]
Kenya’s External Trade Hits KSh1.4 Trillion in H1 2021
Kenya’s external trade value hit KSh1.4 trillion in H1 2021, a 24.3% increase from KSh1.094 trillion in H1 2020. The rise in external trade is attributed to a rebound in [...]Central Bank Invites Bids for KSh 75 Billion Infrastructure Bond
The Central Bank of Kenya (CBK) has invited bids for a 21-year amortized infrastructure bond worth KSh 75 Billion in September 2021. The purpose of the bond is to fund [...]NSE Equity Turnover up 19% to KSh 659.3 Million
The Nairobi Securities Exchange(NSE) opened this week with a volume of 20.5 Million shares, changing hands in 1198 deals resulting in an Equity Turnover of KSh 659.3 Million. This is [...]Overseas Remittances Reach KSh230 Billion in 7 Months
Kenyans working abroad continued to send money home, providing relief to many low-income households in the country. In the first seven months of this year, the overseas remittances reached KSh230 [...]
StanChart Half-year Net Earnings Rise 50% to KSh 4.8 Billion
StanChart Bank Kenya Limited(SCBK) Net Earnings for the first six months of this year rose to KSh 4.8 Billion compared to KSh 3.2 Billion over a similar period in 2020, [...]KEBS Bans Substandard Maize Meal, Fortified Flour Brands
Kenya Bureau of Standards(KEBS) has listed 12 maize meals and 15 composite flour brands that should not be sold to the public for failing to meet the required standards. The [...]NSE Weekly Equity Turnover rises 64% to KSh 2.45 Billion
Nairobi Securities Exchange(NSE)Equity Turnover increased by 64.34% to KSh 2.45 Billion from the previous week's KSh 1.49 Billion. The volume of shares at the bourse last week rose 142.08% growth [...]Kenya's Imports Jump to KSh992 Billion in the Six Months to June 2021
Kenyan imports increased to KSh992 billion in the first six months of 2021 from KSh777 billion in the same period in 2020 as the economy slowly recovered from the covid19-linked [...]National Bank Reports KSh765 Million Six-Months Profit
National Bank of Kenya (NBK) says its net profit for the first half of 2021 surged by 307% to KSh765 million. According to the lender, the sharp increase was driven [...]
